https://en.wikipedia.org/wiki/Ford_Model_T#Price_and_product...
> I will build a motor car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the best men to be hired, after the simplest designs that modern engineering can devise. But it will be so low in price that no man making a good salary will be unable to own one – and enjoy with his family the blessing of hours of pleasure in God's great open spaces.
By the way, SWE consultancy co-op are a thing and in my experience pay 15% more than regular consultancy.
This is a legal myth:
> The case still most often used in law schools to illustrate a director’s obligation is Dodge v. Ford Motor (1919)—even though an important 2008 paper by Lynn A. Stout explains that it’s bad law, now largely ignored by the courts. It has been cited in only one decision by Delaware courts in the past 30 years.
* https://hbr.org/2010/04/the-myth-of-shareholder-capitalism
The Stout paper, "Why We Should Stop Teaching Dodge v. Ford":
> This Essay argues that Dodge v. Fordis indeed bad law, at least when cited for the proposition that the corporate purpose is, or should be, maximizing shareholder wealth. Dodge v. Ford is a mistake, a judicial "sport," a doctrinal oddity largely irrelevant to corporate law and corporate practice. What is more, courts and legislatures alike treat it as irrelevant. In the past thirty years, the Delaware courts have cited Dodge v. Ford as authorint in only one unpublished case, and then not on the subject of corporate purpose, but on another legal question entirely.15
EDIT: Also, people today would be calling Ford as literally communist
He was a strong anti-Semite, a conspiracy theorist who railed against "international Jewry", who paid to print the fabricated 'The Protocols of the Elders of Zion' in the US. He was absolutely against unions. His private police force used violent opposition against unionization, like the Ford Hunger March and the Battle of the Overpass. And he admired Nazi Germany, and was literally praised by Hitler in Mein Kampf.
they would call him a communist, and also an anti-semite
People use "communist" as a generic slur - there's probably people who called Joseph McCarthy a communist too.
Is that really the point you're trying to make? That calling someone "communist" has no meaning these days?
Otherwise, you can read how in 1923 Ford wrote that communism has failed. In his own words, https://archive.org/details/in.ernet.dli.2015.260931/page/n1...
"As soon as [Russia] began to run her factories by committees, they went to rack and ruin; there was more debate than production. .. The fanatics talked the people into starvation. ... Bolshevism is now crying for the brains and experience which it yesterday treated so ruthlessly. All that “reform” did to Russia was to block production. ... The same influence that drove the brains, experience, and ability out of Russia is busily engaged in raising prejudice here."
"The reason why Bolshevism did not work, and cannot work, is not economic. It does not matter whether industry is privately managed or socially controlled; it does not matter whether you call the workers’ share “wages” or “dividends”; it does not matter whether you regimentalize the people as to food, clothing, and shelter, or whether you allow them to eat, dress, and live as they like. Those are mere matters of detail. The incapacity of the Bolshevist leaders is indicated by the fuss they made over such details. Bolshevism failed because it was both unnatural and immoral."
Shortly afterwards is his philosophy:
There can be no greater absurdity and no greater disservice to humanity in general than to insist that all men are equal. Most certainly all men are not equal, and any democratic conception which strives to make men equal is only an effort to block progress. ... It is the larger men who give the leadership to the community and enable the smaller men to live with less effort."
He believed him to be one of those larger men, and his methods the way to get smaller men to live with less effort. Which included being able buy his cars.
That's not communism, that's the utopian paternalism of American technocracy.
What is this supposed to mean? I'm not sure if I'm being obtuse or its too profound for me to understand.
My son is still living at our farm but he is starting his first real job. We’ve looked at options for his first car, he is interested in getting an early 1990s Buick or something like that (which can be had under $4000), the kind of used car that I find attractive (a 2010-2020 Honda) is pretty expensive ($13-$18k). We’re leaning towards taking our chances with the bucket.
Raising the wages directly for labor-related issues makes more sense.
You have to remember that rich people like Henry Ford and their estate/descendants (e.g. the Ford Foundation) like to manufacture an image for themselves. It's a nice story if instead of spreading anti-Jewish conspiracy theories, Henry Ford was a great friend to the workers with a nonsensical business concept.
"Indeed, as a vocal antisemite, he used his status as one of America's most well-known and trusted business leaders to systematically spread conspiracy theories about Jews. His screeds against Jewish people became so well-known at home and abroad that he is the only American whom Adolf Hitler compliments by name in Mein Kampf.
...
But while it dramatically reduced manufacturing time—from 12.5 hours to 93 minutes per car, allowing mass production of up to 10,000 Model T cars a day by 1925—it also made his workers’ jobs more monotonous and unsatisfying. The turnover rate at Ford’s Highland Park, Michigan factory soared to 370 percent.
To solve the problem, Ford realized it would be cheaper to raise wages (which at the time were competitive with those at other auto companies) than to continue hiring and training new people at the same pace. So on January 5, 1914, he announced that his company would double wages to $5 a day. The move proved seismic: By prompting wage hikes across the car industry, historians say, it gave American factory workers a crucial boost into the middle class, allowing many to afford their own Model Ts.
...
While $5 a day was a generous factory wage at the time, it came with a substantial catch. Technically, workers’ pay remained less than or near $2.50 a day, and the extra money was a bonus they had to earn. The year Ford introduced the bonus, he established a company Sociological Department that sent inspectors to the homes of his employees—at this point, mostly male immigrants—to make sure they were living in a way Ford approved of. Workers were denied the full $5 a day if their wives worked outside the home, if their homes were unclean, if they displayed signs of drinking or gambling, if they took in boarders or if they didn’t contribute to a savings account. "
https://www.history.com/news/henry-ford-antisemitism-worker-...
Worth noting that American companies did stuff like this in South America too. The population generally doesn't want to work on the terms of the corporation, so they "terraform" the place until they have a compliant population. Shredding extended family ties, religions, etc. Anything that would interfere with the relationship between a man and his boss.